LIBYA

Libya Receptive to Occidental Efforts to Sell Part of Libyan Equity 

Advanced negotiations are underway between Austria's state-owned OMV and Occidental Petroleum for OMV to acquire approximately 25% of Occidental's equity interests in Libya, MEES understands. It is also understood that the Libyan authorities, who last year were reported to oppose the idea (MEES, 20 February 1984), are now more receptive to the deal. At the time Sweden's Svenska and Finland's...